New Steel and Aluminum Tariffs…PMA Standing Up for U.S. Manufacturing

President Trump yesterday signed a proclamation placing tariffs of 25 percent on steel imports and 10 percent on aluminum imports.  Mexico and Canada are exempted from the tariffs for now.  The tariffs take effect at 12:01 a.m. on March 23.  The President’s action is the result of recommendations from two Section 232 (national security) investigations conducted by the U.S. Commerce Department. 

According to the proclamation, within 10 days, the Commerce Department will announce the process for filing a request for an exclusion for steel and aluminum products not available in the U.S.

These tariffs will place at risk the jobs of millions of Americans who are employed in the metalforming, metal stamping and other U.S. industries that use steel. Restricted availability and increased costs for raw materials will likely lead to current customers sourcing finished products from overseas competitors, who will produce them with foreign steel or aluminum and import them tariff-free.

We have seen this before. Many PMA members will remember the 201 steel tariffs imposed in 2002 by President George W. Bush. These tariffs led directly to the loss of 200,000 American manufacturing jobs. During that time, the metal stamping industry shrank by about 19%, and PMA lost about 1 in 5 of our members due to business closures.  Unfortunately, a new study showed that these 232 tariffs could lead to the loss of 146,000 jobs in U.S. steel-using industries.


President Trump campaigned on the promise of protecting American manufacturing jobs, and his agenda, including regulatory reform and the passage of tax reform, has been mostly positive for our sector.  However, trade restrictions that result in the United States paying more for all steel—domestic and imported—than the rest of the world will damage the U.S. manufacturing sector, and specifically PMA member companies and other steel users. PMA is weighing in on the consequences of tariffs and is a leader in a new coalition designed to fight the tariffs and educate policymakers.

PMA’s Washington, D.C. advocacy team continues to fight for PMA member companies on this important issue and will provide frequent updates to members.

Comments

  1. Similar tariffs restrictions have already taken effect on electrical steel (Laminations). Those actions have effectively taken US manufacturing out of the entire EV / Hybrid manufacturing of motors.

    ReplyDelete
  2. Some says that uPVC windows discolor and shrink because of long exposure of sun. From my own experienced as of now, my uPVC window that is facing west while the sun exposure is very high at 1-4 PM, aluminum profile glass door and window

    ReplyDelete
  3. Nice blog, very interesting to read
    I have bookmarked this article page as i received good information from this.

    ERP Hyderabad

    ERP Software for Manufacturing Industry in Hyderabad

    ERP Software in Hyderabad

    ReplyDelete
  4. Irrespective of receiving daily oral or future injectable depot therapies, these require health care visits for medication and monitoring of safety and response. If patients are treated early enough, before a lot of immune system damage has occurred, life expectancy is close to normal, as long as they remain on successful treatment. However, when patients stop therapy, virus rebounds to high levels in most patients, sometimes associated with severe illness because i have gone through this and even an increased risk of death. The aim of “cure”is ongoing but i still do believe my government made millions of ARV drugs instead of finding a cure. for ongoing therapy and monitoring. ARV alone cannot cure HIV as among the cells that are infected are very long-living CD4 memory cells and possibly other cells that act as long-term reservoirs. HIV can hide in these cells without being detected by the body’s immune system. Therefore even when ART completely blocks subsequent rounds of infection of cells, reservoirs that have been infected before therapy initiation persist and from these reservoirs HIV rebounds if therapy is stopped. “Cure” could either mean an eradication cure, which means to completely rid the body of reservoir virus or a functional HIV cure, where HIV may remain in reservoir cells but rebound to high levels is prevented after therapy interruption.Dr Itua Herbal Medicine makes me believes there is a hope for people suffering from,Parkinson's disease,Schizophrenia,Cancer,Scoliosis,Fibromyalgia,Fluoroquinolone Toxicity
    Syndrome Fibrodysplasia Ossificans Progressiva.Fatal Familial Insomnia Factor V Leiden Mutation ,Epilepsy Dupuytren's disease,Desmoplastic small-round-cell tumor Diabetes ,Coeliac disease,Creutzfeldt–Jakob disease,Cerebral Amyloid Angiopathy, Ataxia,Arthritis,Amyotrophic Lateral Sclerosis,Alzheimer's disease,Adrenocortical carcinoma.Asthma,Allergic diseases.Hiv_ Aids,Herpe ,Weak Erection,Love Spell,Hpv,Copd,Diabetes,Hepatitis,I read about him online how he cure Tasha and Tara so i contacted him on drituaherbalcenter@gmail.com even talked on whatsapps +2348149277967 believe me it was easy i drank his herbal medicine for two weeks and i was cured just like that isn't Dr Itua a wonder man? Yes he is! I thank him so much so i will advise if you are suffering from one of those diseases Pls do contact him he's a nice man.

    ReplyDelete

Post a Comment

Popular posts from this blog

PMA and MetalForming Magazine Conference on ERP Software

Annual Automotive Conference Moved to Virtual Format For 2020

New Steel Tariffs on Brazil and Argentina?